The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-09-06
GENERAL RAILWAY NEWS.
Matters OF Money and Management
About Various Lines.

Bills have been introduced in the Georgia
Legislature TO incorporate the following
railroad companies: Chattanooga Southern,
Rome Belt, Macon Terminal.
The Central Railway and Steamship
Company of Boston, Mass, is surveying a
railroad from Kissimmee, Fla, TO Rock
ledge, and from Kissimmee to Punta Rassa.
The track of the Americas, Preston and
Lumpkin Railroad has been extended
twenty-five miles, bringing it fifty-one miles
east from Americas, Ca, and within eleven
miles of Abbeyville.
OF the Birmingham, Georgia and Florida
line, which is to run from Birmingham,
Ala, TO Tallahassee, Fla, sixty-four miles,
have been graded, and the right of way has
been secured for 1914 miles.
Taylor & Elmer, of New York, have been
awarded the contract for the tracklayng of
the Charleston, Cincincimati and Chicago
Railroad from Camden to Blacks, 5. e., a
distance of 102 miles, and have commenced
work.
A meeting is to be held by the stockhold-
ers of the Pensacola and Memphis Railroad
Company of Alabama, on Sept. 81, to CON
slider proposition made by number of the
roads larger security holders, to consolidate
with the Pensacola and Memphis of Florida
and the Pensacola and Memphis of Missis-
sippi. The ACCESSIBILITY of increasing the
capital stock will also be discussed. Neither
of these three railroads are in any way con-
nected with the Pensacola division of the
Louisville and Nashville.
OF the Alabama, Florida and Atlantic
railroad RoiLt0dy Age correspondent says
This Florida company now operates the
old Apopka and Atlantic railroad from
Woodbridge to Forest City, Fla, and has IS
miles under construction by contractors j.
q R1nnSnI1 IF InH nd John A
Prentiss, of Woodbridge. The total length of
the line as projected is about 500 miles from
Montgomery. Ala, to Biscayne bay, Fla,
j. c. Graft, New York city, is President,
and j. O. Fries, Orlando, is chief engineer"
The Alabama Midland has been surveyed
from Montgomery, Ala, via Oak Grove,
Pine Level, Orion, Troy, Ozark and Dothen,
to Chattahoochee, Fla, and also TO Balm
bridge, Ca, but it is still undecided which
of these points will be the terminus The
total length is about 40 miles, and the en-
tire contract for construction and equip
ment has, it is stated been let to the Ala
bama Terminal Company, of which J. w.
voolfolk, Nassau street, New York city,
is President. Arthur Pou, Talbotton, Ga,
is chief engineer of the road
Sundays Macon Telegraph: On contra
diction of the report that the Covington
and Macon railroad had defaulted in the
payment of the interest due ON the first
mortgage bonds, Col Frobel has received a
telegram from Douglass Greene, the Presi-
dent of the road, saying: Coupons being
paid as fast as presented To the New
York Sln on Sept. 2. Ny Greene said the
road being still in process of construction
it has never been turn/d over to the com
pany by the contractor3 and that so long as
the contractors have The property in hand
it is their obligation to produce money to
pay the interest on the bonds The con-
tractors promptly supplied the funds, and
the coupons were paid as stated in the tele-
gram.